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MSR Values Gain As Banks Continue Sell Off - Christo EVP Prestwick MG
Banks are scaling back from a 10 trillion market in mortgage servicing rights amid looming Basel III and CFPB regulations. Private equity firms crowd the space driving prices upward. George Christo, EVP of Prestwick Mortgage Group discusses recent MSR trading trends.
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By Capital Markets TodayBanks are scaling back from a 10 trillion market in mortgage servicing rights amid looming Basel III and CFPB regulations. Private equity firms crowd the space driving prices upward. George Christo, EVP of Prestwick Mortgage Group discusses recent MSR trading trends.